Huizenga Statement on NYSE, Nasdaq Delisting Russian Tech Companies
Washington, March 16, 2023
Today, Congressman Bill Huizenga (R-MI), Chairman of the Oversight and Investigations Subcommittee released the following statement after the New York Stock Exchange (NYSE) and Nasdaq announced their decisions to permanently delist five Russian-affiliated companies from their exchanges.
“Americans should not invest their hard-earned money in stocks that continue to fund Vladimir Putin’s unlawful and unprovoked war on Ukraine,” said Congressman Bill Huizenga. “I applaud both the New York Stock Exchange (NYSE) and Nasdaq for finally concluding that this action was in the best interest of our capital markets. We should not idly stand by and allow these Russian entities to reap the benefits and opportunities afforded with being listed on a U.S. exchange.”
Last March, Congressman Huizenga called for the immediate removal of Russian-based companies from U.S. exchanges. On Wednesday, the NYSE and the Nasdaq announced that five Russian-affiliated internet companies would be formally delisted. The move comes a year after trading was halted in the wake of Russia’s invasion of Ukraine.